Over the past three months, I have been running a mid-frequency market-making strategy on a real account, and the results have been quite good—96,000 USDT in pure cash flow.

To be honest, this number itself isn't particularly impressive, but what's most interesting is the performance at the execution level. This market-making strategy achieved zero drawdown in intraday trading—that is, at the end of each day, the account's net value was positive, with no single-day losses.

Sounds a bit exaggerated? Actually, the logic behind it is quite clear. Mid-frequency market-making essentially involves repeatedly capturing the bid-ask spread of micro-market liquidity, rather than betting on market direction. The characteristic of this strategy is frequent small profits, with risk spread across countless trades. As long as liquidity exists, opportunities are always there.

Of course, this doesn't mean market-making is completely risk-free. The key lies in risk management—strict position control, real-time Greeks monitoring, and understanding of market microstructure. Being able to achieve zero intraday drawdown over three months indicates that the strategy parameters are quite stable.

But it's also important to clarify that such strategies demand high technical skills and psychological resilience from traders. Having a good strategy framework alone isn't enough; disciplined execution, risk awareness, and market intuition are indispensable. Interested friends can consider how replicable this stable income model really is.